In December, Moody’s analyst Keith Foley wrote in an investors’ note: “Continued expansion of gaming in the northeast U.S. The Northeast is becoming increasingly saturated with new or expanded gambling venues. The outlet mall will focus on luxury brands and will be between the Grand Pequot Tower and The Fox Tower, formerly MGM Grand at Foxwoods. The $120 million mall, named Tanger Outlet Mall at Foxwoods, is set to open May 2015.
Foxwoods also started construction last fall on an 85-store outlet mall at the casino.